Salomon Brothers Municipal Partners Fund Inc. Announces Shareholder Approval of New Management Agreement

Business Wire, Feb 24, 2006

NEW YORK -- Salomon Brothers Municipal Partners Fund Inc. (NYSE: MNP) announced today that shareholders of the Fund have approved a new management agreement between Salomon Brothers Asset Management Inc, the Fund's current investment manager, and the Fund. The new management agreement went into effect February 23, 2006.

As previously announced, the Fund entered into a settlement agreement with George W. Karpus and Karpus Management, Inc. relating to, among other things, a proxy contest Karpus Management, Inc. waged against the approval of the new management agreement. As part of the settlement, Karpus Management, Inc. submitted to the inspector of elections the proxies it received as part of the proxy contest and a federal court has deemed them to have been submitted as of December 19, 2005, the date the Special Meeting of Shareholders was held. This has allowed the inspector of election to certify the results of the Special Meeting.

Salomon Brothers Municipal Partners Fund Inc., a diversified investment management company, is managed by Salomon Brothers Asset Management Inc, a wholly owned subsidiary of Legg Mason, Inc.

Note: On December 1, 2005, Citigroup Inc. ("Citigroup") sold substantially all of its worldwide asset management business, Citigroup Asset Management ("CAM"), to Legg Mason, Inc. ("Legg Mason"). As part of this transaction, the investment adviser for the fund(s) referenced herein became a wholly owned subsidiary of Legg Mason.

Under a licensing agreement between Citigroup and Legg Mason, the names of the funds, the names of any classes of shares of funds, and the names of investment advisers of the funds, as well as all logos, trademarks, and service marks related to Citigroup or any of its affiliates ("Citi Marks") are licensed for use by Legg Mason. Citi Marks include, but are not limited to, "Smith Barney," "Salomon Brothers," "Citi," and "Citigroup Asset Management." Legg Mason and its affiliates, as well as the Fund's investment adviser, are not affiliated with Citigroup.

All Citi Marks are owned by Citigroup, and are licensed for use until no later than one year after the date of the licensing agreement.